Normandy, Westbrook to fork out $1M to settle tenant suit

New landlords to handle thousands of building violations and make repairs

TRD New York /
Apr.April 15, 2014 10:05 AM

Normandy Real Estate Partners and Westbrook Partners have agreed to pay more than $1 million in rebates for overcharges and illegal fees.

Earlier this year, tenants in properties that are part of a 42-building real estate portfolio in foreclosure filed a lawsuit in Bronx Supreme Court against management. The tenants in the Bronx, Brooklyn and Manhattan properties claimed that problems ranged from a nearly-bursting pipe to a blocked, broken-down elevator.

At the time the suit was filed, the portfolio was owned by Normandy Real Estate, Vantage Properties, Westbrook Partners and David Kramer, who owns Colonial Management. Vantage Properties and Kramer are not involved with the portfolio anymore.

The state found that Colonial did not adequately maintain the properties. Westbrook and Normandy refinanced the portfolio, which had been in foreclosure for nearly a year. They also fired Colonial and hired Langsam Property Services to take over managing the buildings.

Each tenant in the 1,700 below-market apartments will receive a one-time $600 rent rebate, the Wall Street Journal reported.

“Over one million families live in rent-regulated housing in New York City,” New York Attorney General Eric Schneiderman said in a statement provided to the New York Times. “They have a right to decent and safe housing, and a right to organize without being harassed.” [NYT] and [WSJ]Mark Maurer

Related Articles


Normandy, Columbia to buy Tribeca property for roughly $200M

Normandy, Princeton sell Bushwick warehouse to Steel Equities for $53M

Normandy, Drake Street refi LIC
warehouse-to-office conversion
with $75M Deutsche loan

Allianz looks to take 30% stake in massive Terminal Stores deal

Inside L&L, Normandy’s plan to turn Terminal Stores into a $1.8B property

Westbrook Partners lands investment from Goldman Sachs

Westbrook is lending $96M on the Downtown hotel it just sold

Netflix streaming into Flatiron District